Jiangsu Olive Sensors High-Tech (300507.SZ) receives warning letter from the Jiangsu Securities Regulatory Bureau.

Jiangsu Olive Sensors High-Tech (300507.SZ) announced that the company recently received a decision from the Jiangsu Securities Regulatory Bureau of the China Securities Regulatory Commission regarding the issuance of a warning letter to Jiangsu Olive Sensor High-Tech Co., Ltd. and Fang Tailang. The relevant situation is now announced as follows: Jiangsu Olive Sensor High-Tech Co., Ltd. and Fang Tailang: Upon investigation, during the period from August 5, 2024, to August 19, 2024, your company transferred a total of 150 million yuan of large-denomination certificates of deposit held to the related party Yangzhou Jinquan Travelling Goods Co., Ltd., for a total transaction price of 153.2661 million yuan, including principal and accrued interest, accounting for 7.88% of the latest audited net assets. Your company failed to timely fulfill the review process and information disclosure obligations for this related party transaction, with the review and disclosure not taking place until November 28, 2024. The actions of your company violate the provisions of Article 3, Article 22(2)(1), and Article 41 of the "Regulations on the Disclosure of Information by Listed Companies" (CSRC Order No. 182). Fang Tailang, as the secretary of the board of directors responsible for information disclosure, failed to diligently carry out his duties, thus bearing primary responsibility for the above actions, in violation of Article 4 of the "Regulations on the Disclosure of Information by Listed Companies" (CSRC Order No. 182). According to Article 52 of the "Regulations on the Disclosure of Information by Listed Companies" (CSRC Order No. 182), our bureau has decided to issue a warning letter to you as a regulatory measure.